07:29 AM EST, 02/25/2025 (MT Newswires) -- Cannabis retailer High Tide (Nasdaq and TSXV: HITI) was at last down 1.5% in US premarket trade on Tuesday after saying it "reassessed the optimal structure" of its plan to buy 51% interest in Purecan GmbH for about Euro 4.8 million.

In a statement it said: "During ongoing due diligence, the company said it had reassessed the optimal structure for this transaction and is now exploring alternative arrangements with Purecan to allow High Tide to maintain its planned commercial exposure into the German market. There is no certainty that an alternative arrangement with Purecan will proceed. High Tide will update the market as required. The company continues to be committed to the German medical cannabis market and will explore both alternative structures with Purecan and other opportunities for entry into Germany."